Following its asset acquisition in the Williston Basin announced this morning, Enerplus Corporation will increase its capital spending outlook for 2021.
April 8, 2021, 6:53 AM MDT
Although commodity prices began improving in the latter half of 2020 and continued to hold relatively steady so far this year, the growth-versus-debt reduction plans of three western Canadian intermediate producers have not been altered, the 2021 Scotiabank-Canadian Association of Petroleum Producers (CAPP) Energy Symposium heard Wednesday.
April 7, 2021, 4:19 PM MDT
Operators working in British Columbia have increased their licensing and drilling activity during the first two months of 2021 compared to the same timeframe a year ago.
March 30, 2021, 7:51 AM MDT
Obsidian Energy Ltd. has outlined a capital plan of $127 million for 2021 plus an additional $8 million in decommissioning expenditures is planned for development and environmental programs.
March 29, 2021, 9:16 AM MDT
The start of 2021 has been “exceptional,” said Whitecap Resources Inc., with the seamless integration of both NAL Resources Limited and TORC Oil & Gas Ltd. and strong operational performance to date on the combined assets.
March 29, 2021, 5:57 AM MDT
Three Canadian oilsands operators are prominent among larger producers in North America projecting the greatest percentage rise in capital spending in 2021.
March 23, 2021, 9:49 AM MDT
March 22, 2021, 8:20 AM MDT
InPlay Oil Corp.’s planned capital program for 2021 of $23 million is unchanged from the previous outlook, although the recent bump in commodity prices has increased its funds flow forecast.
March 17, 2021, 7:50 AM MDT
After a difficult and challenging 2020, 2021 is shaping up to be a “significant improvement” for Cardinal Energy Ltd.
March 17, 2021, 8:32 AM MDT
This week’s guidance report looks at some of the recent announcements from producers on their abandonment activities through Alberta’s Site Rehabilitation Program (SRP) and Saskatchewan’s Accelerated Site Closure Program (ASCP).
March 16, 2021, 8 AM MDT
Bonterra Energy Corp.’s 2020 production averaged10,575 boe/d, reflecting modest capital spending during the year coupled with 875 boe/d of shut-in production volumes related to facility maintenance and low commodity prices.
March 15, 2021, 6:25 AM MDT
Crew Energy Inc. says it is the first Canadian energy producer to receive regulatory approval from the BC Oil and Gas Commission (OGC) for the installation and operation of a next-generation, spoolable surface pipeline for produced water transfer.
March 12, 2021, 12 AM MST
Spartan Delta Corp.’s 2021 capital expenditures of $101 million will be focused on the execution and acceleration of drill-ready development across the company's core properties targeting the Montney, Spirit River, and Cardium formations.
March 12, 2021, 5:54 AM MST
In anticipation of rising steel prices, and given the upcoming completion programs both at Oak and at Wembley, Kelt Exploration Ltd. has pre-purchased casing and line pipe to mitigate higher capital costs.
March 11, 2021, 7:27 AM MST
Pipestone Energy Corp. has modified its three-year development plan to reflect the improvements in WTI futures prices and a stronger medium-term fundamental outlook for crude oil, including jump in expected spending for 2021.
March 11, 2021, 6:36 AM MST
While the commodity price environment in recent months has turned decidedly more positive for exploration and production (E&P) companies, the service sector has yet to see a trickle-down effect, say Calfrac Well Services Ltd. and Trican Well Service Ltd.
March 9, 2021, 6:32 AM MST
The majority of Vermilion Energy Inc.’s 2020 North American drilling program was executed during the first half of the year with limited new production added during the second half of the year.
March 9, 2021, 8:36 AM MST
Surge Energy Inc. is completing a low-risk $39 million development drilling capital program in the first half of 2021, adding estimated production of more than 3,200 boe/d — roughly 90 per cent medium/light oil — from 32 gross (32.0 net) wells.
March 5, 2021, 6:41 AM MST
Yangarra Resources Ltd. set its 2021 capital budget at $60 million prior to the announcement of multiple COVID-19 vaccines when WTI prices hovered around US$45/bbl.
March 4, 2021, 3:32 PM MST
Athabasca Oil Corporation is forecasting a 2021 capital budget of $100 million ($95 million Thermal Oil and $5 million Light Oil), up from the previous estimate of $75 million.
March 4, 2021, 6:06 AM MST
Paramount Resources Ltd.’s Montney-focused capital budget for 2021 is expected to range between $230-$260 million, excluding land acquisitions and abandonment and reclamation activities.
March 3, 2021, 8:42 AM MST
NuVista Energy Ltd. has increased capital spending for 2021 to between $230 million and $250 million from the original range of $180 million to $200 million.
March 3, 2021, 10:07 AM MST
MEG Energy Corp.’s adjusted funds flow was $278 million in 2020 compared to $726 million in 2019.
March 3, 2021, 4 PM MST
Storm Resources Ltd.’s production in the first quarter of 2021 is forecast to average 25,000 to 27,000 boe/d while capital investment is estimated to be $25 million (45 per cent allocated to the Fireweed area).
March 3, 2021, 5:53 AM MST
Although crude oil and natural gas prices have improved substantially from early pandemic lows, some North American E&Ps say they have no intention of raising capex even as spot and future prices escalate.
March 2, 2021, 9:41 AM MST